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CITY OF MOUNDS VIEW, MINNESOTA
<br /> Exhibit 3
<br /> WATER ENTERPRISE FUND I PROJECTED STATEMENT OF CASH FLOWS
<br /> For the years ending December 31, 1990, 1991, 1992, 1993 and 1994
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<br /> !t1}term U..s O,i+`
<br /> l' i i i�`1utho-i e t„ , ,F.. .rise -.
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<br /> 1990 1991 1992 1993 1994 I Cash Flows from Operating Activities:
<br /> Operating(Loss) ($70,404) ($117,574) ($58,035) ($40,618) ($23,843)
<br /> Adjustments to reconcile operating income I to net cash provided by operating activities:
<br /> Depreciation 129,816 156,801 184,186 190,160 194,640
<br /> Decrease(increase)in receivables 7,051 (6,153) (11,894) (6,304) (12,165)
<br /> Increase(decrease) in payables (4,070) (2,272) (2,141) (2,003) (1,858)
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<br /> Net cash used by operating activities 62,393 30,802 112,116 141,235 156,774
<br /> Cash flows from capital and related financing I activities:
<br /> Acquisition of capital assets (15,940) (2,404,910) (52,700) (74,600) (5,000)
<br /> Bond proceeds 2,390,000
<br /> Gain on sale of assets 5,000 5,250 5,513 5,789 6,078
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<br /> Principal paid on revenue bond maturities (55,000) (55,000) (55,000) (60,000)
<br /> Interest and paying agent fees (83,850) (163,300) (158,750) (153,850)
<br /> Net cash used by capital and
<br /> related financing activities (10,940) (148,510) (265,487) (282,561) (212,772)
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<br /> Cash flows from investing activities:
<br /> Interest on investments 112,349 118,096 116,830 114,617 115,774 I Net increase(decrease)in cash 163,802 388 (36,541) (26,709) 59,776
<br /> Cash and investments-January 1 1,523,085 1,686,887 1,687,275 1,650,734 1,624,025
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<br /> Cash and investments-December 31 $1,686,887 $1,687,275 _ $1,650,734 $1,624,025 $1,683,801
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